Despite his amendment not being included, Senator McCain voted in favor of the bill.

The U.S. Senate yesterday voted 62 to 36 to pass a bill to permit construction of the Keystone XL pipeline, but declined to tack on an amendment by Senator John McCain that would have repealed the domestic shipbuilding requirement of the […]

A coalition of national and state environmental organizations is threatening to go to court to stop the Port of Seattle from leasing Terminal 5 to Foss Marine and become the home port of Shell’s Arctic oil-drilling fleet.

In a letter to the Port, the coalition calls on the commissioners to halt lease negotiations and allow […]

From a Port Technology article called ‘Federal Regulator Lambasts US Congestion’:

Congestion at US West Coast ports is to continue long after any industrial disputes are resolved because of problems handling the massive capacities of mega-ships and navigating the timetables of new shipping alliances a US Federal Maritime Commission regulator has warned.

”In this instance they were lucky there was no major incident,” International Transport Workers’ Federation Australia coordinator Dean Summers said. ”In a worst-case scenario, the shifting cargo could have caused the ship to sink by compromising its stability.” VesselTracker photo.

A Hong Kong-based bulk carrier has been detained in Newcastle following allegations that its crew […]

Japanese trading house Marubeni Corp halved its annual profit forecast on Monday after plunging oil, copper and coal prices weighed on its resource assets and it booked an impairment charge for its grains unit Gavilon.

Like international oil majors and mining companies, Japan’s trading companies have been caught flat-footed by the rout in commodities, with […]

The corporate media are reporting that since the Republican leadership and President Obama support Fast Track trade authority, it is a done deal. And that message, also heard by countries negotiating the Trans-Pacific Partnership (TPP), is driving the race to finalize that agreement.

International Container Terminal Services (ICTSI) sold a $300 million hybrid note callable in year 4.25 on Thursday evening, the company’s maiden senior perpetual offering and also Asia’s first this year.

The Philippine port operator — controlled by billionaire Enrique Razon — priced the offering at a yield of 6.375%, which is around 12.5bp tighter than […]

The first big event of the year will be the February rollout of the world’s first fully automated container terminal in Rotterdam, which threatens to unleash a rate war across the Le Havre-Hamburg range as carriers leverage the added capacity to beat down handling charges.

Winning Shipping has fixed a contract of affreightment deal with ship-operator Cargill Shipping and Bunge Shipping to move 1.52 million mt of bauxite from the Dominican Republic to China over 2015, sources familiar with the matter said Wednesday.